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1. • Futures contracts

     • Trading WTI crude oil involves futures contracts on the NYMEX, allowing traders to hedge against price volatility or speculate for profits, with significant price movements influenced by supply and demand, geopolitical tensions, and macroeconomic factors.
     Reference:

     Trading West Texas Intermediate (WTI) Crude Oil: A Complete ...

2. www.cmegroup.com › markets › energyCrude Oil Overview - CME Group

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   2 days ago · Trade NYMEX WTI Crude Oil futures (CL), the world’s most liquid crude oil contract. When traders need the current oil price, they check the WTI Crude Oil price. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude ...

3. www.investopedia.com › terms › wWest Texas Intermediate (WTI): Definition and Use As a Benchmark

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   • What Is West Texas Intermediate (WTI)?
   • Understanding West Texas Intermediate
   • West Texas Intermediate as An Oil Market Benchmark
   • The Bottom Line

   West Texas Intermediate (WTI) is a grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is considered a high-quality oil that is relatively easy to refine. WTI is known as a light sweet oil. It contains less than 0.50% sulfur, whereas the norm is about 0.24% to 0.34%, making it "sweet." It al...

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   WTI is the main oil benchmark for North America, as it is sourced from the United States. It originates mainly in the Permian Basin, the site of the nation's highest-producing oil field. The oil travels via pipeline from Texas to refineries in the Midwest and the Gulf of Mexico. The main delivery point for physical exchange and price settlement for...

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   A benchmark in the oil market serves as a reference price for buyers and sellers of crude oil. Oil benchmarks are frequently referred to in the media as the price of oil. Brent crudeand WTI crude are the most popular benchmarks, but their prices are often contrasted. The difference in price between Brent and WTI is called the Brent-WTI spread. WTI ...

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   West Texas Intermediate is a high-quality crude oil sourced in West Texas. As one of the world's foremost sources of crude oil, WTI is a benchmark for the U.S. oil industry and investors. When you hear a reference to crude oil prices in a business report, it's the price of West Texas Intermediate that is being quoted.

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4. Videos

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     2:45

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     Knowledge with Kenanga Futures | Quick Start to NYMEX WTI Crude Oil Futures

     Dec 23, 2020

     1K Views

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     9:54

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     Swaps vs Futures: the differences | Oil Trading | Brent | WTI | Crude | Petroleum

     Aug 27, 2019

     57.2K Views

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     3:09

     youtube.com

     Trading the Crude Oil Market: Brent vs WTI: Fundamental Analysis

     Sep 20, 2023

     826 Views

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5. www.vantagemarkets.com › academy › wti-crude-oil-tradingTrading West Texas Intermediate (WTI) Crude Oil: A Complete ...

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   Apr 12, 2024 · Trading WTI crude oil involves futures contracts on the NYMEX, allowing traders to hedge against price volatility or speculate for profits, with significant price movements influenced by supply and demand, geopolitical tensions, and macroeconomic factors.

6. www.cmegroup.com › education › videosHow to Get Started Trading WTI Crude Oil - CME Group

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   Dave Lerman guides you through all the basics you need to know for trading NYMEX WTI futures, the global crude oil benchmark contract: How the underlying cash market works; Key features of NYMEX WTI futures and options on futures; How liquidity, volatility and margin come into play; Different ways to trade the NYMEX WTI contracts

7. www.cmegroup.com › trading › energyNYMEX North American Crude Futures and Options - CME Group

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   6 days ago · Access forward-curve liquidity across a broad product slate of crude oil futures and options covering key locations and crude grades. Trade North American crude oil grades as differentials to our benchmark WTI Light Sweet Crude (CL), Brent (BZ), or as outright prices.

8. www.investopedia.com › terms › nNew York Mercantile Exchange (NYMEX): Meaning, Overview, FAQ

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   Jun 17, 2004 · NYMEX is an open-outcry trading platform, where traders meet to haggle and agree on a market price for a commodity. Given that stock and commodity trading predates the invention of the...

9. People also ask

   Can WTI crude be traded on NYMEX?

   • Consequently, WTI crude may be traded using futures contracts on NYMEX, such as the highly popular CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures. WTI crude traders use futures to hedge against price volatility, which can have downstream impact on profitability.

   Trading West Texas Intermediate (WTI) Crude Oil: A Complete Guide

   www.vantagemarkets.com/academy/wti-crude-oil-trading/

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   What is Nymex WTI?

   • WTI is the go-to measure for the world oil price, with the U.S. producing and exporting record amounts of crude oil. Trade with other NYMEX oil contracts for significant savings and precise exposure. NYMEX WTI is closely connected to the spot market, reducing costs.

   Crude Oil Overview - CME Group

   www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html

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   Are Nymex WTI (Cushing) futures physically deliverable?

   • NYMEX WTI (Cushing) futures are physically deliverable at Cushing. On contract expiry, a participant who has an open long position must accept delivery of physical WTI crude. Similarly, a participant who has an open short position must make delivery of physical WTI crude.

   What are the differences between ICE Brent and NYMEX WTI Futures?

   www.ice.com/insights/energy/what-are-the-differences-between-ice-brent-and-nymex-wti-futures

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   What is WTI crude oil trading?

   • Trading WTI crude oil involves futures contracts on the NYMEX, allowing traders to hedge against price volatility or speculate for profits, with significant price movements influenced by supply and demand, geopolitical tensions, and macroeconomic factors.

   Trading West Texas Intermediate (WTI) Crude Oil: A Complete Guide

   www.vantagemarkets.com/academy/wti-crude-oil-trading/

   See all results for this question

   What is West Texas Intermediate (WTI)?

   • WTI is the underlying commodity of the New York Mercantile Exchange 's (NYMEX) oil futures contract. West Texas Intermediate (WTI), a light, sweet crude oil, is one of three global oil benchmarks. Sourced primarily in inland Texas, WTI is one of the world's highest-quality oils. WTI is the underlying commodity for the NYMEX's oil futures contract.

   West Texas Intermediate (WTI): Definition and Use As a Benchmark

   www.investopedia.com/terms/w/wti.asp

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   What is NYMEX trading?

   • NYMEX was once an open-outcry market with trading pits, but like most exchanges today, it has become increasingly electronic. NYMEX trading is a large percentage of the total trading done by CME. NYMEX's contribution to the CME group from the acquisition was a substantial selection of energy products, metal contracts, and agricultural contracts.

   New York Mercantile Exchange (NYMEX): Meaning, Overview, FAQ - Inv…

   www.investopedia.com/terms/n/nymex.asp

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10. www.ice.com › insights › energyWhat are the differences between ICE Brent and NYMEX WTI Futures?

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    NYMEX WTI (Cushing) futures are physically deliverable at Cushing. On contract expiry, a participant who has an open long position must accept delivery of physical WTI crude. Similarly, a participant who has an open short position must make delivery of physical WTI crude.